Prabowo Subianto, the current President of Indonesia, has critiqued neoliberal economic theory during his speech at the 27th anniversary of the National Awakening Party (PKB). He challenged the belief that wealth concentrated at the top will eventually benefit the wider population, calling it a myth that has never materialized. Prabowo emphasized the importance of Article 33 of the Constitution, which outlines the foundation for securing and protecting the state by ensuring the prosperity and well-being of the people. He highlighted the significance of democratic ideals but stressed that they are meaningless if citizens continue to face basic hardships like lack of housing, hunger, and unemployment. Prabowo emphasized the economic spirit embodied in Article 33, which promotes an economy based on mutual cooperation and familial solidarity rather than corporate conglomeration. He rejected the principles of neoliberalism, which justify inequality under the assumption of trickle-down economics. Prabowo’s vision includes a people-centered economy that serves all citizens, not just the elite, with inclusive economic policies to reduce inequality.
Prabowo Criticizes Neoliberal Economics: Wealth Trickle Down Failure
